The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 10/2/2026 -
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Fortive Corp (FTV) Technical Analysis

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Summary:
Weekly :Broken trend support lineLane's Stochastic is oversold
Daily :The price moved above the moving average in the center of the Bollinger Bands
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It was a third positive week after 5 consecutive negative weeks for the Fortive Corp (FTV). During the week, the FTV gained 1.38 points, or 2.46%, and closed at 57.47 on Friday, October 2, 2026. It was the best weekly gain since August 7, 2026. Weekly volume was -33% below average.

Long-term trend: [See FTV long-term trend chart]
A long-term downtrend had started on March 22, 2024 at 87.10 and reached 46.34 on August 11, 2025. FTV lost 40.76 points, or 46.80%, in 72 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 23.88 and resistance is at 76.59. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See FTV medium-term trend chart]
A medium-term uptrend had started on August 11, 2025 at 46.34 and reached 64.56 on July 28, 2026. FTV gained -18.22 points, or -39.32%, in 50 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (59.27) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See FTV weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since July 31, 2026. Use the following link to access a MACD help.

Short-term trend: [See FTV short-term trend chart]
A short-term uptrend had started on September 10, 2026 at 54.13 and reached 57.69 on October 2, 2026. FTV gained -3.56 points, or -6.58%, in 22 days. The price is now at the 6.18% retracement level.

Daily Technical Indicators: [See FTV daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since September 21, 2026. This is an indication that the short-term trend is up.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.15
Williams' Percentage Range (W%R) 37.70
Lane's Stochastic (%D-Slow) 59.21
Greed/Fear Indicator (GFI) 61.23
Moving Average Converg./Diverg. (MACD) -0.92
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.84
Williams' Percentage Range (W%R) 78.70
Lane's Stochastic (%D-Slow) 13.31
Oversold
Greed/Fear Indicator (GFI) 26.83
Moving Average Converg./Diverg. (MACD) 0.41
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 65.44
Quarterly Trendline Support 59.27
50 Day Moving Average 58.41
Upper Bollinger Band 57.82
Price 57.47
Daily Stochastic Crossing 56.40
20 Day Moving Average 55.68
Monthly Trendline Resistance 55.47
Weekly Stochastic Crossing 55.23
Lower Bollinger Band 54.79
Parabolic System 54.59
Monthly Trendline Support 52.29
Sector and Industry
Description Name Rank
Sector Industrials 4
Industry Industrial Machinery 34
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 54.38
Low Date 09/18/2026
High 57.69
High Date 10/02/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 54.13
Low Date 09/10/2026
High 57.69
High Date 10/02/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 55.47
Support 52.29
High 64.56
High Date 07/28/2026
Low 54.13
Low Date 09/10/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 65.44
Support 59.27
Low 46.34
Low Date 08/11/2025
High 64.56
High Date 07/28/2026
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 76.59
Support 23.88
High 87.10
High Date 03/22/2024
Low 46.34
Low Date 08/11/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.